Insurance contracts

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The IASB and FASB are jointly pursuing a comprehensive project to redefine the accounting for insurance contracts including their recognition, measurement, presentation and associated disclosure. Since issuing their Exposure Drafts in 2010, the boards have been redeliberating the proposals and are expected to issue their revised Exposure Drafts during the first half of 2013, with a proposed effective date of January 1, 2018.

Please or contact us to learn more about this project and how it may impact your organization’s reporting.